Zara, the Chain of Retail Stores Owned by Inditex, Illustrates

question 47

Multiple Choice

Zara, the chain of retail stores owned by Inditex, illustrates:

• A)The above-average return exhibited by most firms in this industry
• B)The importance of fast response to emerging fashion trends
• C)The importance of the resources of the corporate parent
• D)How quickly fashion trends change

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Definitions:

Personality Psychology

The study of individual differences in personality and how they affect behavior and mental processes.

Psychogenic Needs

Psychological desires or requirements that motivate individuals to act in certain ways, often described in terms of satisfaction and emotional well-being.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, often considered in psychology as patterns of thought, feeling, and behavior.

Henry Murray

An American psychologist who co-developed the Thematic Apperception Test (TAT) and advanced the theory of needs, emphasizing psychogenic needs in personality.